Irondale, MN housing market
Home prices around Irondale have risen about 79% over the past 5 years. Builders were permitted 4 new homes in 2025.
Home values, sales, trends and how Irondale compares with the towns next door — updated as new data is published.
Home prices up 79% in 5 years
The federal house price index for the ZIP codes around Irondale rose 79% over the past 5 years, faster than across Minnesota (37%). Last year prices rose 24%. Carrying the Census median home value forward with that index puts the typical Irondale home at roughly $578,000 today.
Show as a table
| Year | Change that year | Since 2001 | Minnesota since 2001 |
|---|---|---|---|
| 2025 | +24% | +155% | +107% |
| 2024 | −5.4% | +105% | +102% |
| 2023 | +25% | +117% | +95% |
| 2022 | +9.5% | +74% | +87% |
| 2021 | +11% | +59% | +66% |
| 2020 | +0.3% | +42% | +52% |
| 2019 | +8.4% | +42% | +48% |
| 2018 | +9.3% | +31% | +42% |
| 2017 | −1.3% | +20% | +34% |
| 2016 | +4.6% | +21% | +27% |
| 2015 | +5.4% | +16% | +21% |
| 2014 | −0.5% | +10% | +17% |
| 2013 | +7.9% | +11% | +11% |
| 2012 | −9% | +2.6% | +6.4% |
| 2011 | −2.4% | +13% | +8% |
| 2010 | −5.7% | +16% | +14% |
| 2009 | −2.2% | +23% | +22% |
| 2008 | −7.4% | +25% | +30% |
| 2007 | −1% | +35% | +36% |
| 2006 | +7.9% | +37% | +37% |
| 2005 | +7.4% | +27% | +33% |
| 2004 | +6.7% | +18% | +23% |
| 2003 | +4.7% | +11% | +13% |
| 2002 | +5.7% | +5.7% | +7.9% |
| 2001 | — | — | — |
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 56455, 56441, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
4 new homes permitted in 2025
Builders were permitted 4 new homes in Irondale in 2025, all single-family houses, worth about $2.1 million to build. That's 3.3 per 1,000 residents, about the pace of Minnesota as a whole. Over the past 10 years, Irondale has permitted 27 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Irondale gained 128 residents while 7 new homes were permitted: about 18 new residents per new home. Population grew faster than building, so existing homes filled up: a sign of tight supply. Across Minnesota: 2.2 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 6 | 0 | $2.6 million |
| 2025 | 4 | 4 | 0 | $2.1 million |
| 2024 | 7 | 7 | 0 | $2.5 million |
| 2023 | 3 | 3 | 0 | $713,000 |
| 2022 | 2 | 2 | 0 | $475,000 |
| 2021 | 2 | 2 | 0 | $475,000 |
| 2020 | 2 | 2 | 0 | $475,000 |
| 2019 | 3 | 3 | 0 | $678,000 |
| 2018 | 0 | 0 | 0 | — |
| 2017 | 0 | 0 | 0 | — |
| 2016 | 4 | 4 | 0 | $836,000 |
| 2015 | 0 | 0 | 0 | — |
| 2014 | 0 | 0 | 0 | — |
| 2013 | 0 | 0 | 0 | — |
| 2012 | 0 | 0 | 0 | — |
| 2011 | 0 | 0 | 0 | — |
| 2010 | 0 | 0 | 0 | — |
| 2009 | 3 | 3 | 0 | $400,000 |
| 2008 | 0 | 0 | 0 | — |
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Irondale and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Irondale | — | +24.4%† | $1,200 | 4 | $86,591 |
| Center | — | −1.7%† | $1,080 | — | $74,554 |
| Trommald | — | +23.3%† | $1,030 | 2 | $53,625 |
| Riverton | — | +24.6%† | $1,240 | 0 | $55,313 |
| Ironton | $286K | +1.1% | $1,120 | 1 | $62,813 |
| Oak Lawn | — | +5.3%† | $1,060 | — | $85,417 |
| Nokay Lake | — | +5.1%† | $1,060 | — | $83,750 |
† FHFA price index change, where Zillow has no home value for the town.
3.4 years of income
The typical Irondale home costs about 3.4 years of the town's median household income, less than across Minnesota (3.9 years).
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,200
HUD's Fair Market Rent for a two-bedroom in Irondale is $1,200 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Irondale pay a median of $855, so moving in tends to cost more than staying put. A two-bedroom takes about 17% of the town's median household income.
Studio $830 · 4 bedrooms $1,690
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (56441, 56455; Crow Wing County, MN), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.